346 N Spaulding Ave, a charming 4-unit apartment building located in the Fairfax District neighborhood of Los Angeles, California. Built in1939, the property consists of (4) two-bedroom + two-bathroom units. The building is 5,662 gross square feet and sits on a 6,354 square foot lot.Situated in the vibrant Fairfax District,… Read More 346 N Spaulding Ave offers residents a unique blend ofhistoric charm and central city convenience. The area is known for its tree-lined streets, classic architecture, and an energetic, culturally rich community, all while being minutes from some of LosAngeles' most iconic destinations.Residents enjoy easy access to Beverly Hills, Miracle Mile, and Mid-City, as well as the shops, restaurants, and cultural landmarks of the Fairfax District. With its walkable location, excellent connectivity, and timeless architectural appeal, 346 N Spaulding Ave represents a highly desirable rental opportunity in one of Los Angeles' most vibrant neighborhoods.346 N Spaulding Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 3.18% with the ability to improve to a 6.33% CAP rate once units turnover. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Michael Kamara 310-425-9838
Listing Snapshot
Days Online
26
Last Updated
Beds
8
Square Ft.
5,662
Lot Size
0.15 Acres
Year Built
1928
MLS Number
25615455
Additional Details
Building
Built in 1928, Living area: 5662.0, 1 building, Levels: Two
Cooling
None
Heating
None
Income
Gross Income: $105,123, Net Operating Income: $55,627
Lot
0.1459 acres
Parking
6 total parking spaces, None
Taxes
Parcel Number: 5527041023, Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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